SUTTON BOROUGH CITIZENS ADVICE BUREAUX Operating as CITIZENS ADVICE SUTTON Charity number: 1061654 Company number: 03179963 Financial Report and Accounts for the Year Ended 31 March 2022 *ABISRF80• 1311212022 COMPANIES HIJJSÉ A12 #235 Contents Page TRUSTEES, REPORT Reference and Adminislralive Details Name and Registered Office Professional Advisers Stru¢ture, Govemance arKI Management Governing Document Trustee 8oard Elecbons to the Twstee 8oard Trustee Inducts"on and Training OrganisatK)nal Structure Related PartEs Inlemal Control Objectives and Activities for the publ￿ Benefit Strategic Objectives Activities and OUtcoff￿S Achievements and Perfom)an Plans ft)r Fulure Peric#Js Financial Review Statement of Directors. Reswnsibiliti"es Independent Auditorfs Report 10-12 FINANCIAL STATEMENTS Statement of Financial Activities and Income & Expenditu￿ Report 13 Balance Sheet 14 Cash Flow Stsiemenl 15 Notes lo the Financial Statements 16-27 Sutton Chizens Advxt BU￿UX Rephath¥Act4)unl$ 2021/122 Sutton Borough Citizens Advice Bureaux (Citizens Advice Sutton) Trustees, Report 1 April 2021 to 31 March 2022 Ref•rence and Administrative D•L1iIs Name. Charity Number, Company Number and Reglstered Office Sutton Borough Citizens Advice Bureaux is a charitable company Iirniled by guarantee. The regISte￿d Charity Number is 1061654 and the Company Number is 03179963. The registered office is 68 Parkgate Rd, Wallinglon, SM6 OAH. Professional Advisers Bankers CAF Bank 25 Kings Hill Avenue. West Malling, Kent ME19 4JQ Auditor Myru5 Smith. Chartered Accountants Norman House, 8 Bumell Road, Sutton. SM14BW Structure, Governance and Management The trustees present their annual report and ffinanaal statements of the charity for the year ended 31 March 2022. The financial statements have been prepared in accordance with Ihe accounting policies set out in Note 1 to the accounts and compty with the charity's trust deed, the Charities Act 2011, the Companies Act 2006, and Accounting and Reporting by Charities". Stslement of Recommended Pract￿ applicable to eharilies preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland published in Oclober 2019. and UK Generally Accepted Accounting Practice. Governing Docurnent Citizens Advice Sutton incorporated on 2W March 1996 as amended by S￿la1 resolutions dated 14 May 2003, 8th Seplernber 2004 and 81n September 2009, and fegistered as a charty on 2nd April 1997. The company was estsblished under a Memofandum of Asswation which established the objects and powers of the charitable company and is govemed under its Articles of AssrxBtJon. In the event of the Company being wound up each member is required lo contribute £1. Trustee Board The directors of the company are also charty trustees for the purposes of chanty law and under the company's Art￿leS a5 members of the Trustee Board. Citr£ens AdV￿e Sutlon has a broad client base, and the Trustee 8oard seeks to reflect the diversty of the local community. The Trustee Board has a minimum of four and a maximum of 25 trustees who meet quarterly and are responsible for the strategic direction and policy of the charity. The trustees are from professional or business backgrounds relevant to the charity or with irsvolvemenl in other voluntary sector organisabons. The Finance Manager, Chief Executive Officei and a Sen￿)r manager attend Ihe Board but have no voting rights. All Board members give their time freely, no remuneration was paid in the year beyond the reimbursement of reasonable expenses. The Board member5 listed below have held offKe during the whole of the period in the year to 31 March 2022 and lo the date of this report unless otherwise ststed. Trustee Board Members Andrew Theobald - Chair Phillip Ang - Chair and Treasurer Jason Gold~ Chair. Risk Commitiee Ashley Thomas- Information Asset Ac¢ounting Officer Peter Honour Veronica Miller -appointed 16Th December 2021 Principal Executives Steve Triner- CEO and Company Secretary Firas Al-Fakhri Nigel Quinney ShIr￿Y Mason Paul Lawrence -appointed 16th De¢ember 2021 Shirky Mason- resigned 1*1 June 2022 Andrew Burchell - resigned 15th April 2021 Elections to the Trustee Board Under the requirements of the Memorandum and Articles of Assw"ation the members of the Trustee Board a elected to serve for a period of three years after which they must be reelected al the nexl Annual General Meeting. In practice, all the members of the Trustee Board retire just before each Annual General Meeting and offer themselves for reolection if they wish to stand. Al the 2021 AGM all the Trustees who stood down were re- ele¢ted. SuttonBomftyh Cthens AdvKe 8wvatsx Re￿1*￿￿AcC0￿n1S 2021/r22 Sutton Borough Citizens Advice Bureaux (Citizens Advice Sutton) Trustees, Report 1 April 2021 to 31 March 2022 Trustee Induction and Training The Trustee 808rd operates a ft)rftknil selecb.on pr￿dUre for potenb.al new ffEmbers. The procedure includes" Invitation to inforrnally meet Chief ExecutJ"ve and Chair. Provision of information about the organisalion including the organisation's aims and principles. research and ¢ampaigns, annual review. and annual reporL Provision of an application form and confidentiality dedaratson. Formal nomination to Trust& Board and inviLth"on to join the next meeting. Provision of induction pack including welcome letter. informati)n about Trustee Board, schedule of board meetings. details of sub committees. equalities data fomi, code of conduct, request for profile informalbon and Register of Interests New Trustees are encouraged to visit the offices, meet staff and volunteers, and observe interviews etc_ Trustees are offered opportunities lo attend suitable trustee training courses either localty or at the offices of National Cittzens Advice. Organisational Structure Day to day reswnsibility for running the organi5ation rest5 with the Chief Executive offi￿r, who wa￿S with a Senior Management Team ISMTI lo ensure the service meets its aims and complies with relevant standards. The SMT indudes the Chief ExecutNe and five Senior Managers including the Finance Manager. The SMT ensures that advice is delivered to the stsndards required by Crtizen5 Advice and other stakeholders. Carefully selected. trained. and supwrted volunteers provide a high proportion of the advts to Quf Clients induding supporb.ng our telephone contact centre. dfop-in cenlre. and adv￿ by appointment Related Parties Citizens Advice Sutton is a ￿mber of Citizens Advice (the Nat￿nal Asswats"on of Cittzens Advice Bureaux) and complies with their membership scheffe. The charity was funded in 2021122 by". the London Borough of Sutton. with w1￿M it had a contract to provKle information and advice lo residents.. the Legal Aid Agency, with whom it had a contract to provide housing advice., the Money and Pension Service. who via Toynbee Hall funded the Debt Free London partnership of which Cilr£ens Advice Sutton Is a member.. and our via Cilriens Advi￿. Pensionwse.. Naty"onal Lottery., Trust for London.. the Henry Smith Charity. City Brbjge Trust and the Home Olfice who funded our EU Settlernenl khenE project. Citviens AdvKe Sutton had partnership agreements wrlh Age UK Sutton and Sutton Carers Centre for the delivery of ALPS. Ciljzens Advice Sutton also worked wrth other local public seNices, the local voluntary $￿tOr including Sutton Mentsl Health Foundab"on, Refvgee Migrant Ne￿Ork Sutton and local 501icilor5' fims lo deliver advice and information SerV￿eS in line with its aims. Internal Control The Trustee Board earries out the folknving intemal Contr￿ activrties.. Seiting a budget for each financial year. Approving aulhoTised signatories and setting limils on delegated financial authorrties. Monilofing actual financial performanc£ against budget. Reviewing the risk register. Reviewing the reserves wlicy. Conducting such internal reviews as'rt shall see fit. Ensurin9 that accounting rLbles are followed and Ihal an independent audit 15 conducted. The Planning and Finance Commrttee is a standing committee of the Tnjslee Board. The Planning and Finance Committee membership comprises the Trustee Board Chair. the Treasurer who chairs the Cornmittee, and up to o other Trustees. The Chief Executive attends the Planning and Finance Committee meeting5. The Committee consider5 financial and strategic issues and formulates recommendations to the Trustee Board. The Committee has also been given delegated authority by the Trustee Board to decide on the initiation or termination of projects where the income or expendrture in those projects is up to 10% of the totsl income of Crtriens Advice Sutton. sutt￿ B￿Du￿ Cilizens AotrKv 8ur8aux Rap￿1 aTrJAccounls 20211r22 Sutton Borough Citizens Advice Bureaux (Citizens Advice Sutton) Trustees. Report 1 April 2021 to 31 March 2022 The Risk Committee 15 a standing cornmittee of the Trustee Board. The Risk Committee membership comprises the Risk Committee Chair, the Trustee Board Chair, the Treasurer, and up to three other Trustees The Chief Executive attends the Risk Committee rneetings. The Committee considers non-financial risks and formulates re¢ommendalions lo the Trustee Board. The ro￿ of the Risk Committee is to support the Board of Trustees in the management of risk, by helping ensure significant risks are identified and anatysed and an action plan lo mitigate risk is drawn up and implerrÈnted effethvely. Investment Policy Under the Mefflorandum and Articles of Association. the Charty has the power to make any cash investments that the Trustees see fit. Reserves Policy The designated reseNes as at 31 March 2022 stOCMY at £38.6481£18.783 redLtrndancy and £19.865 equipmentl and other unrestricted reserves amounted to £423,640. Total unrestricted reserves before the pension scheme deficit stood at £462.288. Restricted reserves at the year*nd were £37,023. The charity has unrestncled reserves (excluding designated reserves) to provide for about three months operating costs. CitEens Advice Sutton will aim to raise the level of these reserves to at*)Ut four months operating costs in the future. A valuation of the final salary pension scheme (under FRS102 rules) was carrted out on 31 March 2022. The valuation determined that the deficit stood at £992.000, which when included in the balance sheet produces total net liability of £492,689. The details of the pension scheme and deficit are given in Note 12 to the aeeounts. The Tru51ees believe that Citrzens Advice Sutton should continue to be regarded as a going concern for the reasons given in Note 1 b. The Trustee Board will continue lo monitor c105ely the financial position and tske any necessary aclions to maintain its stalus as a going cor￿M. Risk Management The Trustee Board and the Risk Comrnittee monitor the risk register regularty to ensure that aCt￿n is taken and systems are in place to manage identified areas of nsk. Crtizens Advice Sutton contsnues lo review ils procedures and policies lo ensure that they are consistent with best praCt￿eS. The charity focuses on the folk)wing major areas of risk". Financial Control. The Finance Manager prcxjuces detailed management accounts every month which are reviewed by the Treasurer. Current managenEnt a￿ountS are presented to the Trustee Board and the Planning and Finance Committee at every meebng. The performance against budget is monitored and any ath'ons required lo rectify underperformance are identified. Non-Financial Risk control. The Chairofthe Risk Committee works ¢bselywth the CEO to maintsin an up- lo-date Risk Register. The Risk Register is reviewed by the Risk Committee. External Stakeholder Relationships. The Trustee Board attaches high importance to developing and maintaining good exlemal stakeholder relationship5. Cit¢zens Advice Sutton felies on ils excellent reputation for delivering timely and effeclive advice to members of the public lo persuade stakeholders to use Citizens Advice sutt￿ as a prime medium of communication to the public. Variou5 Other key risks have been mitigated in the following ways-. Income. Ensuring that the organIsat￿ mainlains an adequate level of income to carry out its chantable objecb'ves. Training. Ensuring that all stsff and Volunteers are propety trained. supwrted. and supervised as they carry out their aclivilEs. Financial Procedures. The Trustee Board has approved and keeps under review, a sel of Financial Procedures which define the ways in whth all finanaal tranSact￿nS are lo be authorised and recorded. Insurancg. Ensuring adequate insurance cover for profe55ional indemnity, assets, employees, trustees. and volunteers cafrying out work for and on behalf of CrtRens Advice Sutton. Infomiation Assurance Citizens Advice Sutton has adopted the Information Assurance (IA) policy as recommended by Citrzens Advice. In summary, the way in which information risks are managed under this policy is as follows.. A member of the board. who has undertaken appropriate training is the Information Assuranee Accountlng Officer IIAAO) and ensures that all S￿n￿can1 informab.on risk$ are discussed and approved at Trustee Board level. The Chief Executive is the Senior InforrnatK)n Risk Off￿r (SIROI and owns the information risk policy and provides advice to the Trustee Boar., Make judgement5 and estimates thal are reasonable and Pfudent.. and Piepale the financpl statements on the wng concem basis unless rt is inappropriate to presume the chantsble company will contsnue in ope¥ation. The directors are responsible for maintaining proper accounb.ng record5 which disclose with reasonable accuracy al any lime the financial posltion of the charitable company and 10 enab￿ them lo ensure that the financial slalemenls comply with the CompanEs Act 2006. They are also responsible for safeguarding the assets of the Charitab￿ company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware". there is no relevant audit inlormalion of which the charitable company's auditor is unaware,. and the Trustees have taken all step5 that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is awafe of that informats'on. Auditors Myfus Smith, Chartered Accountants are deemed lo be re-appointed under section 487{21 of the Companies A¢t 2006. Small Company Provision This report has been prepared in aGcordance with the Spe￿al provis￿5 for small companies under part 15 of the Companies Act 2006. Appfoval This repo oved by I rustee5 and signed on their behalf by-. 7 December 2022 And ew Theobald- Chair and Trustee SulÈon Citi28n5 AotrKe 8￿￿vX F4￿¥81 ReptytaTrtAtwunts 2wii/r22 INCEPENDENT AUDITOR'S REPORT TO THE PIIEMBERS OF SUffON BOROUGH CITIZENS ADVICE BUREAUX (CilEens Advice Sutton) OpirTon We trave auditèd Ihe finantial stslements of Sutton 80￿ugh Cilizens Advice Bureaux Ithe'charitable company'} for the year enderf 31 March 2022 which comprise the Ststement of Financial Actmties. the Balance Sheet, the Cash Flow Statement and notesto the fina￿la1 statement5. including a summary of sKJnfficant accounting polioes. The finarKial reporting framework that IBS been applie(l in th•r Preparth'C￿ is aP￿iCable law and Unfjted Kingdom Accounting Standards. including Financial Repob"ng Standard 102 The Financial Reporting siandard ap￿IcaLle ￿ the UK and Republic of Ireland {United Kingdom Geneally Accepted Accounting Practi￿1. In ouiorAnion the financial $tslements-. give a true and fairview ofthe state of the cha11ra￿e company's affairs as at 31 March 2022. arKI of its incoming resources and ¥JpliGation of resources, includirNJ its income and expendltts￿. for the year then ended.. ave been property prepared in accordance w￿1h Unrted Kin9dom Generally Accepted A￿)unti￿j Pra¢ti¢e,' an have been prepared in accordance vrilh the requirement5 of the Companies Act 20(6. Basisfor opini4Jn We conducted our aut1it in acrordance tmth Intemabonal Stsndards on Auditing (UK) (ISA$ (UK)) and appl￿tIe law Our responsibilits'es under those standards are lurther described in the Audiiorfs responsibilrties for the audrt of Ihe financial ststernenls section ol our report. We are independent ofthe charitable company in accordance ￿t￿ Ihe ethi¢al reqltirements that are relevant tg our audil of Ihe financ+al statements in the UK, induding the FRC'S Ethical Standard. and we have fvlfilled our other ethic81 re¥Jon&bilities in accord8n¢e ¥•rth these requirements. We believe thal Ihe avdrt èvidÈnc£ we havè obtsined is sufficient and appropriate to provide a basi$ for our opinion. Conclusions relatiny to 9(xng concern In audrting the finan¢ial statements. we have conduded that the Injstees, use of ts going concem basis of accounting in tho preparalion of Ihe finanrial 5tatem8n15 15 appropriate. Based on the work we have perfom*d. we have not Id￿tirEd any material uncertainb"e5 relth9 to events or conditions that. dividually or colleclThiety. may cast sonbfficanl dtyJbl on the chaiitabte cs)mpany's abilrty 10 ¢onlinue as a 90in9 concem for a period of at least hyelve months Irorn when the finanual statements a￿ authori$ed for ISSLte. Our responsibilities and the responsibilities ofthe truslee5 *rylh re$￿t0 going cOn￿M are described in Ihe relevanl seclions of this report. Other informatlon The Irustees are resp￿s1b1e for the other infomalwj) ¢>)ntwned wrthin thè TrLk8tees' Report. The othw Inforniat￿In comprises the infomiation included in the Trusfees, ReFK)rt. other Ihan the finanual statements aThJ our audrtofs report thereon. Our cy.nion on Ihe financial slatements does the other infom)ation and, except to the extent othemse explicitly stated in our report, we do not express form of assurnrts condusion thereon. In connection our audit of the financiol staternenls, QLW respOn￿lMI￿ is to read Ihe other inlomiation and, in doing 50, consider whether the other information 15 materially Incr￿siStent wth the finanryal statements or our knth￿edge obtained in the audit or 01he￿iSe appea￿ to be materially misstated. If we x1enbfy suth malerial inconsistenc4es or appafent material misstatements. we are required to detemiine whether Ihi5 gives rtse lo a maierial misslaiernent in the financial statements or 8 malerial misstatem￿1 oflhe other infocmation_ If. base(l on the wowk we have perfomied, we condude thatthefe is a material MI￿latem￿nI of Ihis other information. are required to rewt that fad. We have nothing to report ￿ this re9ard. Opinions en other matters prnscrlbed by the Companiès A¢t 2006 In our opinion. based on the y￿k undertaken in Ihe ¢￿[Se ofthe audit: the infom8tion gNen in Ihe trLLslees' report lirwrpor8b.ng theth"iedors' reF*yII forthe firwoal yearlorwhi¢h the finanaal staternents are prepared is consistent with the financial statements." and the direciors. ieport has been prepared ￿ accofdance wrth applrable legal requirements. 8ornutyJ CitizensA¢fvK8 Burtaux 10 FwwTr)thl RemK8ThYA¢xwts 20211f22 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON BOROUGH CITIZENS ADVICE BUREAUX (Citizens Advice Sutton) Matt0￿ on which we •re r•quire(I to report ty ex¢Wion In the light of our kn¢)wledge and undetstanding of the chaF[tab￿ cornpany and ils en￿rOnment obtained in the course ol Ihe 8udit, we have not identified tnalerial misslatement5 in the tri￿￿Or9. report. We havè nolhing to report in respecl ofthe folbwing matters in reIal￿n to wlich Companies Acl requifes ￿ to ￿port to you if. in our opinion-. adequate ￿l￿ntIng reuJrd$ have rmjt been kept. ￿ retums alequate forour ￿dit hav& not been w*ived frc￿n 1Kan¢￿$ rbot visited by us.. or Ihe finanThal ststements are nol in agTÈernent wilh Ihe accounb.ng records and relums.. or certain disclosures of directOfS' remvnerabon speofied by law a￿ not made.. or we have not received all the infonnation and explanations we require Igr our audil.. c the tNslees were not entitled lo wepare the finarKial Statern￿ts in accordance vAth Ihe sman companie5, regirne aTr take advantage ofthe small cofflpanies. exemptsons in preparing Ihe th"rectots' report and from the wuiremènt to prepa a strategic report. Rèsponsibilities of lrnstees As explained more fully in the Oirectors. Responsibdities Slatèrrenl Isel wl on page 101. Ihe truslees {who are also Ihe diredors of the charitable rnmpany lor the wrposes ol o)mpany lawl are responsib￿ for the p￿paratIOn of the r(nancial statements and for being satisfied thal they give a true and fair view, and for such intemal control as Ihe trustees determine is necessary to ena￿e Ihe weparakn.on of finanoal statements Ihat are free from material misst*ement, wtr*ther du¢ to fraud or èrror. In preparing thè financial Statèments. Ihe trustees art rtSwnsi￿È for assessry the tharitable Cl￿PanY'S ability to continue 85 a 90in9 concem, disckjsing, as appluble, matters related to goin9 rA)ncem and using the going concern basis of accounling unless the Ir[￿teeS wther intend to h"quidate the ¢haritthe ¢>Jfflpany cease operatv)n5. or have no realistic &¢ernalNe but to do so. Auditorfs responsibilities forlhe audit ol the financial statements Our objedives to obtain rea50nat4e assurnnce atrAxrt vthelher Ihe ffinancial slatements as a wme a￿ free from material misstètement. whetheT due lo fraud or effor, and to issue an audrtorfs that i￿l￿deS ouropinion. Rèasonable a58uran¢e is a high level of assurance but is not a guarantee that an audil conducted in accordance Mth ISAS IUKI will always delect a material misstslement when rt exists. Misstatements can arise from fraud or error and are considered rnaterial if. individually or in the aggregate. they cwld reasonabty be expected to influence the economic decisions of users taken on the basis ol these financial slaternents. Irregularities, inchJdiThJ fraud, afe instances of norFcompliance wth laws and regulations. We design procedures in line wilh ur responsibilities. ouuined above, to detect material misststements in respect ol irreguLartties. indudiny fraud The specific proTrdures f￿ this engagement and the extent to which these are capable of delectin9 irregularities. indudin9 fraud is detailed below.. Enquiry ol man8gemnl and Ihose ch8r9ed wth go¥emwKe 8trrt)￿ adual and potential ltyaiion or daims aThJ the ideni"fficats)n ol non-complian￿ with laws and regulations. Reviewng minules of meeting5 of tFh)se Chai￿ with govemance. RevIe￿n9 financial slaternent dtsclosures and ttstiry to SUPPOFliThJ d(￿men18b0n to a55e55 conpliance wrth applicable laws and regulations. Auditing Ihe risk of management override of controLs, I￿U￿l￿g lesiing joumal entries and othei adjustment5 for appropriateness,. and asse55￿9 whether Ihe jud9ements m•Je in makn'ng 8ccounling èstimates are indicative of a FQtential bias. Performing ana￿t￿al procedures to Klentrfy any Un￿al crf unexpeded re￿tK)nshipS that may Ind￿te risks of material misslalemenl due lo fraud. Proftssional Sc£p1￿"srn in course of the audrt and with at￿lt sampling in material audit areas. Because of the inherent limitabons of an audit. thwe is a risk that we wll not detect all irregularities. induding those leading lo a material misstatement in the financial statements or n0rtrbcompl1an￿ with regulation. This risk increases the more that compliance wrth a law or reguiqtion is removed from events and Irarwc¢ions relleeted in the financial statements, as we will be less likely lo become aware of instances of norprA)mpJiance. The risk is dso gre?￿r regarding irregularities occurring due lo fraud rather than error. a5 fraud irwolves irtent￿l cg)nceaknenl. forgery. colus¥)n, omission or Mlsrepresentat￿n. A further description of our respmsib1lit￿S for the audit ol Ihe financial statements is located on the Finanaal Reporting CouncAI'5 webwte at.. Wv￿.frc.￿9.￿kloudit0we¥1on￿b1lIkn"es. descrI￿On forns ofour awlitorfs report. Suiion 8￿￿t￿h Cthzéns AolKe 8v￿a￿¥ 11 ReP￿t 8thtAcct)unls 2021/R2 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SUTTON BOROUGH CITIZENS ADVICE BUREAUX (Citizens Advice Sutton) Use ¢)f our report Thig r Com matt wed asa port is made solely to the charitable companys member5. as a b¢)(ty. in accordance with Chapter 3 of Part 16 of the anies Act 21Th. Ouraudrt work has been undertaken 80 that we might stste to the charitable company's members those rs we are required lo slate to thern in an report and for no other purpose. To ihe fullesl extenl pemiitted by law, not ac£epl orassume respon%bilty to afiyonèotherthan ihe Charitab￿ tompany and the charitable company's members booy, for our audit work. ft>r this rew>rt, or for thè opirmons wè have fomied. Stephen Jones FCA {Senior Statvtory Audiknrl For and on behalf of Myrus Smith Chartered Ar£ountants and Statthory Audrto Norman House 8 Burnell Road Sulton. Surrey SM1 4BW Date". 7 December 2022 Ststton 8omugh Cthzens 8bTr8 12 Repyi a￿A￿0¢￿t¥ 2oi1r22 SUTTON BOROUGH CITIZENS ADVICE BUREAUX Statement of Financial Activities and Income & Expenditure Report For the year to 31 March 2022 Notrs Unrestricted Restri¢ted fund¥ Total 2022 Total 2021 Incom* Activities for generating l￿d$ Investrnent In￿rne 75 75 3CQ Income from chariiable activit*s Grants Conlracls and service levd agreements Fee income Other Total income 1.206.299 1,206,299 1,107.204 511.733 46.704 511.733 46,704 908 557.968 66,319 1,517 1,727.308 559.420 1.206,299 1.765719 Expenditure Charitable aclNilies .279 1.257,852 1,764,131 1.678.307 Total ex endstu .279 1.257.852 1,764.131 1,678.307 Net incomel(e¥penditure> for the year before transfers 53.141 151,5531 1.588 49.001 Transfers betr￿en lunds Net income before other reownised gains and loss•s Olhef recognised gainslllossesl Actuarial gain￿{lO$Se$l CVL defined benefit pensi￿ s¢herng Olher losses ains Net movement in funds Re¢oncilFation ol furtds Total fvnds brou ht lorward Total fvjnds carried fojward 20 52.29 52.293 740 1.588 49,001 12 388,000 1272.0001 12 89.IX(I 89,000 31¥J.588 59,000 {163.9991 740 20 793 277 629,278 793,277 529,712 37,023 Thi$ staternenl of ffin•wKaal aciMbe3 indLKles all gains JKI losses recognised in Ihe year. All *)coming resour¢es arKI resourtes expended derive from conthrKMn9 a¢bvthe$ The r￿tes +Jn Pages 16- 27 form part oflhÈse accounts. Sutton Boxough &"loens Ad¥Ke ￿￿81•X 13 SUTTON BOROUGH CITIZENS ADVICE BUREAUX Balance Sheet as at 31 March 2022 Company Number 03179963 2022 2021 Fiy¥d assets T￿gIble frxed assets 14 Currènts •$sets Debtors Short term deposits Cash at bank and in hand 15 119.481 200.1)00 297.917 617.398 2(K).344 2￿,000 367,392 767.736 Creditors.. amounts falling due within one yèar 16 {118.Q871 1270.0131 Net current assets 499,311 497.723 Pro¥i¥ion for liabilities 12 (992.1￿) {1,291,0001 Totsl net assetsl liabilities 19 3,27 Funds Un￿Stricted.. Designated ￿rIdS Olher vnreslwicled fijnds Total unrè$trth 38,648 423.640 462,288 422.792 461.440 General fund deffirted bentfit pension scheme 1992,(W} 11,291,OC(JI Restri¢ted 20 20 37.023 492.689 36.283 93.277 Total funds These financial statenEnts have been prepared n accordance ihe speual provisions of Part 15 of the Companies Ad 20LE rèlating to small ccrfnpanies arhd with the Chanttes Act 2011. Approved on7 2022 and swed m rt5 behalf by Andrèw Theobald- Trnslee The not&s on Pages 16- 27 knm part of these 8crthnts. 14 FMpafJtyal Rep￿1 2tyd1/￿2 SUTTON BOROUGH CITIZENS ADVICE BUREAUX Cash Flow Ststement For the year to 31 March 2022 Reconciliation of changes in r•sourc•s to net cash inflow from 4)perations Net incoming reSoUr￿S (as ￿ported) 300.588 (DeductyAdd." FRS102 operatry pens*)n adlustrr￿f I299.1￿) Less iFKome from inlerest and dby￿endS 175) Decreasellincreasel in debtors 80.863 Decrease Increase ￿ short tem cJeditors Net Cash inflow from o a¢tivities {163,9991 213.000 13CQI (56,1331 123.149 115,717 69,550 Cash flow stalem•nt Nel cash inifow frcrfn operating activities Reiums on inve5trnents Ntsie 4 169,55)) 75 115.717 300 116,017 DeerÈas• lincrease in cash 69.475 Recaneiliation of net ¢¥sh flow to mavem•nl in net eash Increase in cash in Ihe period Net cash at 1 A ri12021 Net eash at 31 March 2022 169.4751 567.392 497.917 116,017 451.375 567,392 The notès ￿ Pages 16- 27 lom part ofllEse accwnts. 15 FMtrano•l andAccounl$ 2trdY/f22 SUTTON BOROUGH CITIZENS ADVICE BUREAUX Notes to the financial ststements for the year ended 31 March 2022 1. Ac¢ountln9 Policies Sutton Borough CitrLens Adv￿* Bureaux is wistered in England and ￿les. The address of the registered office is given in the charity info￿n￿￿On on page 2 of these finan(Jal slatements. a) Basis of preparation The charity constitutes a putAic benefft enljty as defined by FRS 102. The financial ststement5 have been preparet1 in awjrdance with Accountn)g and Reporting by Charities.. Slatement of Recommended Pracire applL3bleto charii*s p￿paring their ¥counts tn accordance with the Financial Reporting Standard applicable in Ihe UK and Repu￿1¢ of Ireland IFRS 102} rssuet1 in Oclober 2019, the Finanaal Reporting Slandard appluble in the Unrted Kingdom and Republicof Irdant1 IFRS 1021. the ChantiesAct 2011. the Companies Acl 2C4J6 and UK Generally ￿￿Pted Acc&Ab"ng Praclice. bl Going Con¢em The Trustees consider it appropriate for the finanoal stalement for the year ended 31 March 2022 to be prepared on a going ¢orKefn ba&s underthe historical cost convention, to Inc1L￿de certain items at fair value. The portion of the pension defiot of th8 LOndl￿ Borough of SLttton whith is allocated lo Citizens Advice Sutton has teen C81tulated al £992.LXKI. The balance sheel shows net liatilities for the year eTrJ of £492,689.. I￿eVer. this ir￿lUdeS the pension $¢hemè liability of £592,0￿ which when excluded leaves nel assets of £499.311. The penson shortfall is bein9 funded via future contnbuhons, the rates of which have been set by the pens￿ Schè￿ a¢tuary. The obje¢lNe of the pens¥)n scheme is to clear ihe defiot over a peri¢xl of 12 years trwinning on 31 March 2020. The defKit of Ihe scherne does not resuli in an irnmediate ¢ashthw impact on th• charity. This def￿1t will be deared with an increase in pen￿On contributions over the remairmng workin9 lives of employees, as determined by the Trustees of the Pension kheme. The siwif*anl a¢￿Unting pdi¢ies applied in preparab.on of these financial statements are sel out below. The poliaes have been consistenly appl￿￿ to al years presented unless otheryw'se staled. ¢1 Fund Accounting Unrestricted funds are aval￿ble for use al the discrelion of the Irustee$ in fUrt￿ranCe of the general objectives of Ihe charity and which have not been designated for other purposes. Designated Fund5 are those receryed which have been earmarke(I by the Trustees for speoal purposes. Reslricled funds are subjected to reslricfions on Iheir expenditure imposed by the donor. Unreslricted furKts are available for use at the disuetKJn of the trustees in furtherance of the general objeclives of the charity. d} IncoThMng Resoufces All incoming re￿ICe$ are induded in the statèment of finanaal activities when the tharity is ent￿ed 10 the income and the amount can be quantjfied vnlh rèasonable ao)Jrw. The Idltr*ing specific pc4bcies are applied to pa￿"¢y1a1 cat8gori•s ol income. Voluntary income is recewed by way of dorAthons aTrJ is indude(l in fvll t￿ Statement of Finanoal A¢tNities when recewed. Acti¥ities lor generating funt1s consist ol room hire and a￿ accounted for on a receivab￿ basis. Surplus funds are invested in a bank deposrt account to eam interesi. Interest is also earr￿(1 on the bank curreni ac¢ount. Interest is accounted lor when receivable by Ihe Charity. Inc. induding the AdviserNel Infomation System. Bureaux Management InforTna1￿￿ System. Bureaux Management Consultancy Line aThJ the Volunteer Trnining Irrfommbon Syst•m. CAS has ¢he s￿￿aliSt Quality Mark in hovsing18wardEd by the SQM Delivery Partne￿Ip on 4th March 2013 as a condition ofholding a Legal Agencycontract}. CAS a150 holds Ihe AdvicE Quality Standard with ca5ewoth in ernployment. weltsre tenefits and housing awarded on 16th January 2013 by the Citizens Advice Audrt SeThice and the Quality Stan¢Jafd with casewoth in hou*ng awarded on 19th September 2013. The￿ are ￿ other related paty trans*iorts lo rep￿1. Notè 22- Contingènt assets The charitable company has been awarded mufti-year grants¥hth speofied orimplied timeframes which p￿lUde ￿￿)gnitIOn of the fvll amount. The total amounl ot cOnting￿t assets at 31 March 21r2212021." £319,939) was t620.476. 27 ReE¥>tandAccounts 20211r23